HONG KONG DAILY PRESS, WEDNESDAY, MARCH 14, 1934.
Admiral Defends Singapore THE TOMOTSURU CANTON LEADERS INTERNATIONAL
Base Scheme
BRITAIN'S FUTURE NAVAL
POLICY
Estimates Approved And Adopted
London, Mar. 12.
The Naval Estimates give pro- vocation to no foreign country, while containing very real in- stalment of „security. for Britain, declared Lord Stanley, Financial Secretary to the Admiralty, reply- ing to the debate.
The Government had hoped, he said, that by giving a lead in the direction of small cruisers, other Powers would follow our example. Unfortunately the hope had not been fulfilled and the two other big
naval countries had built oral ten-thousand ton cruisers more Heavily armed than the Leander class.
That was the reason for the ap- pearance of a new class of cruiser, with armaments comparable. to that of the new eruisers of other Powers.
Defending the Additional ex- penditure on the Singapore Base,
heavily armed more
than the limits of the truncated scheme, the Dock would be useless. All the present Government had done was to add a pumping plant and a generating station in order to en- sure that the dock' would be of benefit.
The
Estimates were approved and adopted.-Reuter.
SINGAPORE BASE POLICY
Mr. George Halt, speaking on be- t of the Labour opposition, said that they could not help but view the increased estimates with considerable alarm,
Admiralty
]
me,, but suggested that the Navy needs another flotilla of light cruisers. They might be built for two reasons, because the florilla was required and because the ful flment of the order would help to reduce unemployment.-Recter.
BUILDING PROGRAMMIE
DISASTER
Three Of Crew ·
Saved
Tokyo, March 13. The Tomotsuru survivors are unscathed and state that eight others were alive in the engine room when they escaped through the hatchway the casing of which was due to pontoons lifting the hull.
Rescuers are feverishly supply Ing air, iquids and electric lights into the hull and cutting openings with hopes of saving others."
The Navy Minister is likely to be interpellated in th Didt this evening concerning the disaster which has deeply perturbed naval experts as Japan had planned to 'build sixteen similar torpedo boats
FOR NANKING
To Discuss Military & Financial Affairs
Nanking, Mar. 13.
NICKELS
Striking Recovery Reported
London, Mar. 13. Two Canton oficials are ex- There is a striking recovery in pected here at the end of March International Nickels in 1933, the to consult with central leaders net profits of which amounted to on military and financial affairs. $9,662,584 compared with a net loss They are the Reconstruction of $135.345 in 1932. The earning Commissioner for Kwangtung, Mr. of common stock is equal to 53 Lan Yi Chung, and the Finance cents per share. Commissioner. Mr. Ou Fang Pu.
The report says that the increas- The former is expected to arrange ed sales of nickel, which are 116 with Nanking further details con- per cent, higher than in 1932, are cerning the anti-Red "drive, while due to an improvement on pro- Ou Fang Pu will represent. Kwang-duction and sales of automobiles tung at the forthcoming confer-in practically all industrial coun- ence of the Provincial Finance tries. Commissioners-Reuter.
The president said: "The cur- rent year begins more auspiciously than 1933 and should optimism
permanent trade re- covery the
management believe the company is entering a period of prosperity."--Reuter.
under the second naval replenish- CHINA'S WHEAT reflect on
ment programme.-Reuter,
A RAY OF HOPE"
Tokyo, March 12. Hope of saving one third of the crew of the Tomotsuru is express- ed locally, as hammeding heard from inside the hull rescue party have drilled a hole j In her side into which they are
London, Mar. 12. Referring to the building pro- gramme, the First Lord said that the total cruiser tonnage to be laid, down this year was 32,000 tons. This represented a portion of 86.- 350 tons available under the Lon-pumping, air-Reuter. don Naval Treaty for three years to 1938. Inclusive and was in sc- cordance with the carefully consi-, dered Admiralty policy of replace- ment--to pursue the steady annuai programme of construction.
Britain, he said had made great. reductions in her defences in the hope of bringing about a general limitation of armaments. It could be argued whether this has been rightly or wrongly done, but they were still trying to bring about such a limitation, and it would be impossible for them, on the eve of the 1935 Naval Conference, largely to increase their building pro- gramme on the assumption that the Conference was going to prove a failure. Moreover, Britain had already put forward proposals for qualitative Imitations. - British Wireless Service.
BACKBONE OF THE FLEET
He paid special attention to the
London, Mar. 13. proposals in connection with the Neither technically economical- Singapore Base.
they politically or pacifically could on which proposed to spend Britain accept the ten thousand £9,000,000, the Army £2,000,000 ton capital-ship. declared Sir and the Royal Air Force some Eyres Monsell when, introducing £600,000.
the Navy Estimates. He deplored He asked why it should be the mischievous controversy re- necessary that these increased lotive to the merits of the navy sums should be placed in the land air-force, both of which are Estimates.
vitally necessary for the Empire. Admiraj Sir Roger Keyes, the He deplored the heresy battleship
member for North Ports- mouth, in his maiden speech in the House, warmly defended the works on the Singapore Base, which he described as a vital link in the Imperial Defence chain.
Without the Singapore Base, he declared, it would be impossible to go to the help of Australia or New Zealand or to operate sud- would acquire power such as to cessfully in Eastern waters,
upse: the ratio of relative strength
new
THREE OF CREW SAVED
Was The
Tokyo, March 12. Three of the engine room stain of the Tomotsuru floated out alive at 12.28 p.nl. tò-day-Reuter,
HOW DISASTER OCCURRED
Tokyo, March 12.
The Tomotsuru was steaming in a gale with closed hatches when she turned turtles yesterday morn- ing, trapping practically 11 aboard. Up to the present there are до survivors. Knocking on the hull at 6.30 p.m. yesterday brought a response, but at 9 pm, there were no replies. The Tatsuta towing the Tomotsuru, bottom up, to Sasebo at, a knot per hour ár. rived at the entrance to Sasebo Bay
at 8 am to-day. Rescue work
started immediately.-Reuter.
NO OFFICIAL DETAILS
Tokyo, Mar. 13.. Casualties in the Tomotsuru dis- aster are still not officially dis- closed.
LOAN
May Be Reduced To $30,000,000
Nanking. Mar. 13.
Wang Ching Wel told Chinese
AUSTRALIAN TEST TEAM
MAIL NEWS FROM CANTON
"(From Our Special Correspondent)
CHIANG-WANG.
CIRCULAR
Ignored By Kuomin- tång Veterans
MONEY SHOPS SUSPENDED Failure To Comply With Regulations
Canton, March 13. One hundred and thirty money shops will be ordered by the Pro- vincial Department of Finance to suspend business owing to failure to comply with regulations which require that they
must have certain capital and cash re-
scrve.
their
Canton, March 13. Kuomintang veterans here have Ignored the circular telegram of General Chiang Kai Shek and Mr. Wang Ching We requesting the provincial authorities to co-operate with the National Government in suppressing the Communists and concentrating money and energy About one hundred money shops in reconstruction schemes.
have complied with th require- hold Local officials
the view ments. The object of the regula-
been that this dual policy has
tions is to prevent the money followed for years in Canton and | changers from speculation which that such work will go on without often plays havoc with the Govern- any reminder from Messrs. Chiangment bank-notes. Those shops and Wang, What these veterans which have failed to register with believe as important are concrete the Department of Finance were plans to put down the Manchukuo formed primarily to buy and sell
pressmen that the fifty million Draw 1st Match With regime in view of the fact spies on margin.
Tasmania
gold "dollars credit granted to China for the purchase of Ameri- can cotton and wheat is likely to be reduced to thirty million at China's request. Negotiations re- The Australläri Test Team for garding this matter are proceed-England drew their first match hg in the United States-Reuter. against Tasmania. High scoring
CIVIL WAR IN
SHANSI
Sun's Forces Attack Ninghsia
Pelping. Mar. 13. According to Chinese reports, Shansi and Sulyuan troops have begun a general attack against the It is, however, generally report forces of Sun Tien Ying. who are ed that there were ve officers still making sporadic attacks and 113 ratings, mostly recruits, against the Ninghsia forces.- aboard when the vessel was wreck-] Reuter.
ed.
The construction of the vessel 23 and she was commissioned last was only completed on February Tuesday-Reuter.
anachronism, on the contrary it MR. ROOSEVELT'S
WISHES DEFIED
is essential the navy were not in
two schools. He thought that in
the navy in this connection" the battleship must remain the back- bone of the fleet.
...
If the size of the capital ship were reduced to ten thousand tons, smaller Powers with cruisers
Admiral Keyes applauded the by combining and reinforcing an- „Government's building program- other greater Power-Reuter.
WRECKED ICE-BREAKER'S CREW.
Castaways Drifting
On Ice Blocks
ff
[Special to the "Hong Kong Dally
Press" (Copyright.)Į
Moscow, March 12.
Strenuous efforts are being made
LANCASHIRE
COTTONTM
PARLEYS
to bring help to the ship wrecked Fear They Will Break
crew of the Russian ice-breaker i "Chelyuskin" have made no tan- gible progress the last few days. and the castaways are still drift- ing precariously rapidly westwards on ice blocks,
Down
London, Marer. 13. Replying to Mr. D. G. Somer- ville's question in the House of
DUCHESS OF AOSTA
Premature Report Of Her. Death
Launceston, Mar. 13.
being a feature of the game.
The scores were:--
1st Innings Tasmania XT,
Badcock 105.
Fleetwood Smith 5 for 108. 1st Innings Australian Test XI.
Woodful 126. McCabe 119.
Brown 56..
Darling 60,
345
537
83
a
are infesting North China prelude to spreading the authority of Manchukue to the Pelping area It is deplored here that Messrs. Warig Ching Vei and Chiang Kai Shek pay very little attention to the four last provinces, and this has encouraged the puppet Man- churians to extend their hold far- ther into China Proper.
The fluctuation in the value of Government bank-notes is due to the speculation of these money- shops. As a result of the bank- note crisis, three Chinese banks were closed during last week.
With respect to the failure, of " the Ka Nam Bank and the Nam Wah Bank, it is said that they have sufficient property In real It was learned to-day that Gen- estate to cover their abilities, etal Huang Shao Hsiung, Minister although at the present moment of Interior, is coming here from it will be dimcult to sell the hou Nanking to explain to the leaders ses off account of the deprecia- In Canton" the foreign policy of tion in value. the National Government and to The run on the Ka Wah Bank. request again Mr. Hu Han Min to Li is over, although it had ac- go to the capital. Close" friends counts with the Ka Nam and Nam 214 of Mr. Bu intimated that Mr. Hu Wah Banks. All depositors of will not go to the capital, 'since current accounts CRA withdraw his policy is different from that only ten per cent. in one month.. of Messrs. Wang Ching Wet and and this regulation.proclaimed by. Chiang Kai Shek.
the Provincial Department of Fin- ance has saved many banks from going bankrupt.
2nd Innings Tasmania XI
(for 8 wickets) Rothwell 62. Fleetwood Smith 3 for 64.
-Reuter.
+
U.S. STOCK EXCHANGE
Re-Drafted Bill- Completed
New York, Mar. 13. Cairo, Mar. 13.
The re-drafted Stock Exchange The report that the Duchess of Bill has been completed and it is Aosta had died seems to be some-belleved will be published on what premature, as a later cable. March 14. through Renter, states that the Duchess is indisposed, but to-day the
her condition-Reuter,
The Federal Reserve Board, not Federal Trade Commission
Ugly Scenes In House she showed some improvement in will. administer the Stock Ex-
Of Representatives
SILVER MARKET
(From Our Special Correspondent)
London, March 13.
Following are the Silver Quota.
tions on the London market to-
Washington, March 12 Uproarious scenes were witnessed when the house of Representatives, defying Mr. Roosevelt's wishes, passed a Bill to pay ex-soldiers war bonuses. Pandemonium reign- ed during the debate; members day:- perched on desks shouting" and gesticulating at each other, The defeat of the Administration, forces is due to the wholesale defection of Democratic members, which lett Official leaders of the Democratic Party bewildered."
It is pointed out the Bill may be defeated in the Senate. In any case, it is doubtful whether the necessary two thirds majority could be obtained by Congress to override an eventual veto by the President. Reuter.
BRITISH INDUSTRIES
FAIR
Many Overseas Orders Received
Spot Forward
Mar. 13 Mar. 12 ... 201 201
201 20.13/16 The London on New York cross- rate at the closing to-day was G.85.09.11/16.
tries Fair indicated that the orders obtained for Home markets were In excess of those resulting from the 1933 Fair, "-
The volume of inquiries and orders secured from overseas buyers was stated to be higher than in any previous Fair, and this claim was borne out by the fact that there was an increase pf 20 per cent, in the attendance of overseas buyers in the London section.
The attendances in London were 12,008 Gverseas buyers, 114,339 Home buyers, and 34,506 public. Colonel Colville stated in the The total attendances at Birming
The Russian airman, Ljatledw- sh, through whose daring all Commons, yesterday, as to whe- women and children of thether the Government intend to expedition were rescued, tried take action, in case of the failure to reach Schridt Camp again on of the textile negotiations with Saturday but the temparature be- Japan, the Parliamentary Secre- Commons to-day that reports from ham were 124,507-British Wire- ing 40 degress below zero Fahren-tary to the Board of Trade, Dr. E. all sections of the British Indus-less.
L. Burgin, said that it would be premature and inappropriate to discuss failure.
He added that there would be. no'delay regarding the discussions. but it was inadvisable to press the matter further at the moment.
--Reuter.
JAPAN'S INSTRUCTIONS.
London, Mar. 13.
It is learned that the Japanese delegates in London have received instructions from the Japanese Cotton Spinners' Association in Osaka to break off negotiations with the latter's attitude in regard to the British Cotton delegation unless the geographical scope of the ne- gotlutions is changed.-Reuter.
London, March 12.
POLITICAL UNREST IN SPAIN
Acute Danger Point Believed Now Passed
change margin regulations.
IN
DEALERS
SALT FISH
Hard Hit By Heavy Taxes
Canton, March 13. Chinese dealers in salt fish at Hong Kong visited Chik Wan on the Canton River to-day in an effort to locate a place where Ash may be caught and dried and ex-
subject to the high import tarif. They appealed to the South-west. Political Council here for reller, so that salt fish might bẻ export- ed duty free.
The South-west Political Coun- cil was sympathetic towards "this petition, but it was unable to do anything owing to the strong op- position by local dealers. Then the fish merchants sent a delega- tion to the Ministry of Finance in Nanking with a petition to lift the duty on salt fish, but the mis- slon was unsuccessful. Hence, as a last resort, the only remedy for establishi these merchants is to their drying sheds and storages in Chik Wan.
It seems likely a minimum mar-parted to places in Kwangtung gin of twenty-five per cent. will be for sale free from tariff duty.
If a suitable place is found at established in dealings of stable
It was reported that some of Issues, and sixty per cent, on the Chik Wan, some of the merchants
will move and set up their business the bigger factories in Hong Kong year's low level volatiles.
Banks must not lend more than there. Chik Wan is Chinese terri-will open branch factories here or the lowest price since July 1933. tory and salt fish dried there may be in Shum Chun, so that their fin- shipped to Canton and the inter-ished products may be sent to any Reuter.
for of the province as native place in Kwangtung for sale duty. goods.
free, It is said that only those These fish-mongers are hard hit { manufactured goods intended for by the increasing Chinese import consumption in the interior will duty, for their markets
in be produced by factories in Can- Canton and the towns along the ton or Shum Chun. Manufactur- West River Being prepared iners have a fancy fon Shum Chun Aberdeen and Shaukiwan, the fish because of ita propinquity to Họng are considered foreign goods and Kong,
U.S. AIR MAIL SERVICES
Committee of Inquiry Appointed
>1
Washington, March 13. Dern Secretary for War has ap pointed a commitee consisting of Lindbergh, Orville Wright and; Clarence Chamberlin to investigate the Air Mail services.-Renter.
MONTHLY PURCHASE OF SILVER
Wheeler's Compromise
Bill
Washington, March 12. Benator Wheeler has introduced
a so-called compromise bill for consideration of the Senate, au- thorising the Government to pur-. chase difty million ounces of silver
| every month until 16:1 ratio with
gold, has been reached-Reuter.
AWARD TO MARINE OFFICER
Mr. Brewer's „Case Satis- factorily Settled
London, March 12.
heli, his airplane after six hours search became covered with a thick layer of ice so as to compel him to return."-Just before reaching; Cape Wellen his motor stopped en- tirely so that, the pilot himself had a narrow escape, Liatidwski starts again for Cape Wellen, on Monday but as the ice blocks have now drifted so far west as to make 2 rescue from. this base seemed
almost
hopeless other Russian alimen started on Sunday for Alaska which is to be the future base and where three heavy Russian passenger machines and two Americans are now wal-
Hope of a settlement of the mons to-day that the claim of the ting to begin operations. .. The
The general impression here is building strike in Madrid is in- British mercantile marine officer, famous Russian airman Bolotow
that the acute danger point has started from Chabarowak on
now passed, nevertheless, consider creasing following the Master Mr. Brewer, against the Portu- „Monday to try to reach the ice-
Builders acceptance of the Home guese Government has been satis- block by making a midday lan that the next airplane should. A hundred corporations in the Office proposals.
factorily settled by an award of ding.
£800, bring fresh fruit preferably province of Cordova have been Only two newspapers one wireless message
Mr. Eden expressed the appre- received oranges and lemons to combat the dismissed as a result of a declara-Catholic and one Socialist were clation of the British Government on Monday from Schmidt states scurvey from which many men are tion that they will take orders selling in the city this morning. of the attitude adopted by the that although the 89 castaways already suffering. Both the Rus- only from Trade Union Head Meanwhile, the Governor of Valen- Portagnese Government in making are comparatively well in health can and the American Govern- quarters.
cia has declared that if the this award and in arranging a the state of the ice is very pre- ments are undertaking everything Thirteen were injured during threatened strike of the Hydro-retrial of the case against Mr. carlons and rapidly drifting west- humanly possible to eflect a rescue the funeral of an anarchist at Electric Syndicate OCCUTS in Brewer, as a result of which he wards 'where the sea is warmer and many volunteers are prepared Aineoy; when the police were at Madrid. Catagena and Alicante was eventually, acquitted by the so that everyone is afraid that the to start for the scene of the tacked they retaliated by firing will be deprived of electric power. Supreme Court at Lisbon, British ice-will soon melt. Schmidt asks 'disaster. Transocean Kuo Min. into the crowd of mourners.
--Reuter.
Wireless
A
וי
Madrid, Mar. 13.
able unrest continues.
The Lord Privy Seal, Mr. An- thony Eden, stated in the Com-
are
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